DouYu International (NASDAQ:DOYU) Downgraded by HSBC

DouYu International (NASDAQ:DOYU) was downgraded by stock analysts at HSBC from a “hold” rating to a “reduce” rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Several other brokerages have also recently commented on DOYU. Hsbc Global Res upgraded shares of DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Citigroup dropped their target price on shares of DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a report on Friday, June 7th.

DouYu International Price Performance

DouYu International stock opened at $9.29 on Tuesday. DouYu International has a 12-month low of $6.29 and a 12-month high of $20.17. The stock has a market capitalization of $293.90 million, a PE ratio of -24.45 and a beta of 0.95. The firm has a 50 day simple moving average of $14.83 and a 200-day simple moving average of $11.60.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The firm had revenue of $142.01 million for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%.

Institutional Investors Weigh In On DouYu International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of DouYu International in the 2nd quarter valued at $30,000. BNP Paribas Financial Markets acquired a new position in shares of DouYu International in the first quarter worth about $34,000. Dimensional Fund Advisors LP increased its position in shares of DouYu International by 46.0% in the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock worth $1,761,000 after acquiring an additional 50,531 shares in the last quarter. Polunin Capital Partners Ltd acquired a new stake in shares of DouYu International during the second quarter valued at approximately $3,526,000. Finally, BRIGHT VALLEY CAPITAL Ltd lifted its position in shares of DouYu International by 42.0% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock valued at $4,079,000 after acquiring an additional 109,768 shares in the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.